By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – GS Finance Corp. priced $1.05 million of 0% autocallable buffered index-linked notes due Jan. 22, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 10.5% if the index closes at or above its initial level on Feb. 10, 2025.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 1.25 times the index return.
Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% loss from the index’s initial level if it falls by more than 30%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.05 million
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| Maturity: | Jan. 22, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the index return is zero or positive, par plus 1.25 times the index return; par if the index falls by up to 30%; otherwise, 1% loss for each 1% decline from initial level
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| Call: | Automatically at par plus 10.5% if the index closes at or above the initial index level on Feb. 10, 2025
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| Initial level: | 4,906.19
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| Pricing date: | Feb. 1
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| Settlement date: | Feb. 6
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057XT70
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